Redwood Financial Network Corp Has $341,000 Stock Holdings in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Redwood Financial Network Corp increased its position in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 36.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,365 shares of the company’s stock after purchasing an additional 1,419 shares during the quarter. Redwood Financial Network Corp’s holdings in Invesco S&P 500 Quality ETF were worth $341,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Woodmont Investment Counsel LLC acquired a new stake in shares of Invesco S&P 500 Quality ETF during the first quarter worth approximately $25,000. ORG Partners LLC bought a new position in Invesco S&P 500 Quality ETF in the 2nd quarter valued at $45,000. Pineridge Advisors LLC bought a new position in Invesco S&P 500 Quality ETF in the 1st quarter valued at $47,000. Sound Income Strategies LLC boosted its stake in Invesco S&P 500 Quality ETF by 58.0% in the first quarter. Sound Income Strategies LLC now owns 915 shares of the company’s stock worth $55,000 after purchasing an additional 336 shares in the last quarter. Finally, Mitchell Sinkler & Starr PA bought a new stake in shares of Invesco S&P 500 Quality ETF during the first quarter worth $60,000.

Invesco S&P 500 Quality ETF Stock Performance

Shares of NYSEARCA:SPHQ opened at $65.18 on Tuesday. The business has a fifty day moving average of $64.49 and a 200-day moving average of $61.99. The firm has a market cap of $9.74 billion, a PE ratio of 22.60 and a beta of 0.98. Invesco S&P 500 Quality ETF has a twelve month low of $47.72 and a twelve month high of $66.66.

Invesco S&P 500 Quality ETF Profile

The Invesco S&P 500 Quality ETF (SPHQ) is an exchange-traded fund that is based on the S&P 500 Quality index. The fund tracks an index of US large-cap stocks selected by return on equity, changes in net operating assets and financial leverage. Stocks are weighted by these quality factors, scaled by market cap.